re: Modular home mortgage

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While land value increases, it doesn’t increase nearly enough to account for total increase in value (especially in suburban areas). Inflation in labor and materials costs are significant factors. That house that cost $50k in materials and labor 40 years ago costs a heck of a lot more to build now. Not to mention, it’s probably better quality.

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I disagree.
What evidence do you have that costs per square foot have gone up higher than cost per acre?

I would argue that it is easily the exact opposite.

Improvements in technology and logistics have cost per square foot construction increase 4 or 5 times the past 50 years. (Low end $39/square foot up to $150 today. High end $50/square foot up to $300 today).

Improvements in technology and logistics have improved the productivity per acre to the point that the cost per acre is up over 11 times the past 50 years. Roughly $297/acre up to $4500/acre today. Increase in population and gdp (more money thrown at a static supply) also have a large impact on that significant increase.

If you do appraisals, then you know that the cost approach has absolutely nothing to do with the market approach. And vice versa. Or were you one of the appraisers that tried to manufacture a matching result for the person paying you?

If you are appraising a 50 year old home without any remodeling or renovation, how much of the new construction cost of the home are you not depreciating? What was the economic lifespan of a home built in 1976?

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What evidence do you have that costs per square foot have gone up higher than cost per acre?

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but in suburban settings you are talking 1/4 to 1 acre. Not a huge impact on the total cost of a home. Even a 20000 increase in per acre cost has far less impact on a home price than an additional 50-100 dollar price increase on a per foot build of a 2000 square foot home

none of you are helping the OP find a loan for his mobile home

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You’re actually supposed to use three approaches when doing an appraisal. Sales approach, cost approach and income approach.

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You use the income approach on owner occupied homes? /s

You are supposed to use the method that you are being paid for.
60% of appraisals today do not complete the cost approach.
The primary function of a mortgage required appraisal is setting interest rates on loan to value (market approach) and loss mitigation after foreclosure (market approach).

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The increases for land are market dependent

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Which is my point.
The 3 most important factors in Real Estate are location, location, location. See my condo comment.
See my depreciation comment in a neighborhood flooded with foreclosures.

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And to answer your smart arse question about type of appraiser, my father actually turned away a significant amount of business because he refused to match what some banks may have wanted, and I was trained that way as well.

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Your anger at the question didn't allow you to understand the comment.
I wasn't accusing anyone of setting a market value at a requested number by a bank.
I was accusing a majority of appraisers of determining their own assessed market value and then fudging the cost approach to match the market value to avoid headaches with follow up questions. It is laughable how we see huge runups and downs in costs yet the market value and cost approach always come out about the same.

If you have ever achieved enough status as an appraiser to audit other people's work, I would love your opinion on what i deem to be laziness (not actually doing a cost approach but fudging numbers to fill in blank spaces on the appraisal).

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You use the income approach on owner occupied homes? /s

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Jesus Christ dude give it a rest.